Yes, Your Non-profit Organization Needs Insurance!
Non-profit organizations and events are more common than you might think. From church picnics to school carnivals and family festivals, these events not only provide a way to raise money, but also foster an atmosphere of fun, community, and goodwill. However, with the growth of non-profit events come some unique risks.
Non-profit organizations such as churches, schools, and volunteer clubs face different types of risks than other types of businesses. This is because they are not in it to make a profit but to fulfill the mission of the organization. Non-profit organizations can work with insurance agencies to prevent a financial strain on their organization when a loss occurs. Here are some insurance products it can purchase.
General Liability Insurance
Non-profits are under a lot of scrutiny these days, and the last thing they need on top of that is to get sued or have someone hurt at one of their events. For this reason, they need to get liability insurance to handle lawsuits and pay for any medical expenses incurred by a third party due to an accident at one of their events. Directors’ and officers’ liability insurance is one of the most essential types of coverage for non-profits because it can protect the directors, volunteers, and employees from personal lawsuits that arise from their association with the organization.
Property Protection for Non-Profits
Non-profit organizations, whether churches, PACs, or community groups, are dedicated to helping their communities. However, they’re sometimes at risk of property theft and vandalism from people who see the non-profits as easy targets. Protecting your building or other assets against these risks is vital for your organization’s well-being.
NGOs work with many volunteers, which puts their property at risk. These include valuables such as artwork and equipment that trusted donors donate. By getting property protection, non-profits can reduce their losses if theft or accident happens.
Group Health Insurance for Employees
To help boost the productivity and morale of your Non-profit organization, you should consider offering your employees health insurance. Group Health insurance includes coverage for preventive care, hospital stays, and prescription medication. You can also include dental and vision coverage at discounted pricing with limited waiting periods.
Providing these additional benefits also helps with employee retention, which positively affects client relationships. Your Non-profit organization needs as much help as possible, as salaries are usually lower than what for-profit companies can pay. These value-added benefits help show your employees that they genuinely matter to your organization.
Get Insurance for Your NGO
If you are running an NGO or about to set up a non-profit organization, one of the first decisions you will face is getting the right insurance. These will help protect against lawsuits resulting from an accident or injury at your non-profit organization.
We at Integrity Now Insurance Brokers can help. Our professional church insurance brokers help churches and NGOs in Arizona, California, Colorado, Nevada, Ohio, Texas, and Washington get the best insurance products by placing you with church property insurance companies to match their needs. Our variety of services includes NGO insurance, church property insurance, church liability insurance, workers’ compensation insurance, and more. We help ensure all types of NGOs, including those related to religion, arts, and culture.